TechMediaBreaks Archive - Page 42 of 143

MondayOct 07, 2024 9:45 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Forecasts $75M in GAAP Revenue Over Next 6 Months, Implements Immediate Measures to Cut Overall Expenses

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it expects to ramp up its commercial sales to a monthly average of $12.5 million. As a result, the company forecasts $75 million in estimated GAAP revenue over the next six months from both Mullen Commercial’s and its subsidiary Bollinger Motors’ sales opportunities and pilot programs. The announcement also noted that the company is taking immediate steps to reduce its overall spend (operating and investing cash flows) from $12.8 million to $7.3 million. The $5.5 million cut is driven by a 20% reduction in headcount, elimination of…

FridayOct 04, 2024 9:30 am

TechMediaBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) Bollinger Motors Delivers Five B4 All-Electric Trucks to First US Dealership

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its subsidiary, Bollinger Motors, has delivered five Bollinger B4 Chassis Cabs to Nacarato Truck Centers’ facility in LaVergne, Tennessee. The delivery was valued at $800,000, with the company receiving full wire transfer payment on September 30, 2024. Nacarato Truck Centers becomes the first dealership in the U.S. to receive the B4s. The dealership will sell four vehicles to commercial fleet customers and use one vehicle for its own internal parts deliveries between its 13 locations. “Nacarato Truck Centers is thrilled to be the first dealership in the…

ThursdayOct 03, 2024 3:13 pm

TechMediaBreaks – AQUALAB’s Lead Food Scientist to Speak at Upcoming 2024 National AACT Technical Seminar

AQUALAB, by Addium, today announced that Dr. Zachary Cartwright, Ph.D., its Lead Food Scientist, will present at the 2024 National American Association of Candy Technologists (“AACT”) Technical Seminar to be held October 7-9, 2024, at the Hyatt Lodge in Oak Brook, Illinois. This prestigious three-day event will bring together industry leaders and professionals to discuss the latest scientific advancements in candy technology. Dr. Cartwright’s session, titled “Overcoming Moisture Challenges in Candy and Confections,” is scheduled for Wednesday, October 9, at 1:35 p.m. CT. “I’m honored by the AACT’s invitation to speak at the upcoming National Technical Seminar,” commented Cartwright. “By…

ThursdayOct 03, 2024 2:03 pm

TechMediaBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Provides Update on International Expansion Opportunities in Key Markets

SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, is reporting on potential international expansion into three markets: India, Italy and Australia/New Zealand. According to the report, the company was approached by interested parties in all three regions regarding utilization of SOBRsafe technologies. In India, an infrastructure developer has designated SOBRsafe for a paid proof-of-concept (“POC”) installation in a public, safety-sensitive facility. In Italy, a global employer is leveraging SOBRsafe for a paid POC application of its proprietary wristband for the company's fleet drivers. In Australia/New Zealand, the company has partnered with a leading drug- and alcohol-testing service provider…

WednesdayOct 02, 2024 2:39 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Partners with UK Banks to Enhance Fraud Detection

Meta (NASDAQ: META), the parent company of Facebook, has enhanced its fraud detection capabilities by partnering with NatWest and Metro Bank in the UK. This collaboration, known as the Fraud Intelligence Reciprocal Exchange (“FIPE”), allows British banks to share crucial information directly with Meta, aiding in the identification and elimination of scam accounts. This initiative is part of Meta’s broader efforts to combat fraud across its platforms, including Facebook, Instagram and WhatsApp. The FIPE initiative has already shown significant results, with 20,000 fraudulent accounts linked to a concert ticket scam network being taken down. This partnership is a critical step…

WednesdayOct 02, 2024 12:14 pm

TechMediaBreaks – Resonance Security Signs NFL Center Jake Brendel to Its Full Spectrum Cybersecurity Platform

Resonance Security, a cybersecurity company providing full spectrum solutions protecting institutions and individuals against black hat operations and other cyberattacks exploiting vulnerabilities, today announced that it has signed San Francisco 49er’s center, Jake Brendel, as a customer. Brendel has been signed to a customized VIP cybersecurity platform called Shockwave, which combines advanced defensive and offensive cybersecurity measures with security tools and makes it easy for users to thwart cyberattacks. According to the announcement, Brendel’s package includes continual monitoring by the company’s highly experienced 24/7 cybersecurity response team, a personalized EDR solution for devices, gap analysis, a security checklist with scoring,…

WednesdayOct 02, 2024 11:07 am

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Secures New National Domestic Violence Monitoring Contract in Europe

SuperCom Ltd. (NASDAQ: SPCB) recently announced the acquisition of a new three-year contract with a European government to implement its PureSecurity domestic violence monitoring solution. This marks the company's fifth national contract in the region, further establishing its leadership in electronic monitoring solutions. With real-time tracking and communication features, SuperCom's technology will aid authorities in enhancing public safety and accountability in domestic violence prevention. The contract underscores the continued expansion of SuperCom's presence in Europe, reinforcing its role in advancing domestic violence monitoring systems. “We are honored to collaborate with this EU country to support their initiatives in addressing domestic…

WednesdayOct 02, 2024 8:30 am

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS), Japan Tobacco Inc. Announce Planned Partnership to Leverage Quantum Computing, AI in Drug Discovery

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the pharmaceutical division of Japan Tobacco Inc. (“JT”) announced plans to partner on a joint proof-of-concept project to explore the use of quantum computing technology and artificial intelligence (“AI”) to accelerate the speed and quality of the drug discovery process, i.e., “Quantum AI-driven Drug Discovery.” The project aims to pioneer a new process for discovering ‘first-in-class’ pharmaceutical small compounds. Upon completion of the proof-of-concept project, JT’s pharmaceutical division intends to further advance the developed Quantum AI-driven Drug Discovery analysis systems and eventually apply the…

TuesdayOct 01, 2024 1:39 pm

TechMediaBreaks – NextPlat Corp (NASDAQ: NXPL) Completes Merger and Business Combination with Progressive Care Inc.

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced the completion of the proposed Merger Agreement and Plan Reorganization with Progressive Care Inc., a controlled subsidiary of the company, following shareholder approvals. Pursuant to this merger and business combination, Progressive Care has become a wholly owned subsidiary of NextPlat. As a result, Progressive Care’s common stock no longer trades on the OTCQB exchange, effective October 1, 2024. “The completion of our merger and business combination with Progressive Care creates a unified company focused on generating continued growth in large domestic and global markets for healthcare services, technology and personal…

TuesdayOct 01, 2024 1:03 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) to Invest $1 Billion in Thailand’s Digital Infrastructure

Alphabet (NASDAQ: GOOGL, GOOG) has announced plans to invest $1 billion in Thailand to build digital infrastructure, including a new data center. This significant investment is expected to support 14,000 jobs in the country. The new hubs will be located in Bangkok and the industrial area of Chonburi, aiming to meet the growing demand for cloud computing in Southeast Asia. Ruth Porat, president and chief investment officer of Google and its parent company Alphabet, stated, “These investments will empower Thai businesses, innovators and communities to harness the power of cloud and AI technology.” The details of the investment were revealed…

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